« previous next »

Author Question: If both real GDP and nominal GDP of a country increased at the same rate in a particular year, which ... (Read 56 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
on: Jun 30, 2018
If both real GDP and nominal GDP of a country increased at the same rate in a particular year, which of the following is most likely to have taken place?
 a. Output increased and the price level increased
  b. Output increased and the price level decreased
  c. Output decreased and the price level increased
  d. Output decreased and the price level decreased
  e. Output increased and the price level remained constant

Question 2

If nominal GDP of a country increased and real GDP remained unchanged in a particular year, which of the following is most likely to have taken place?
 a. Output increased and the price level increased
  b. Output increased and the price level decreased
  c. Output remained constant and the price level increased
  d. Output decreased and the price level decreased
  e. Output increased and the price level remained constant


ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

A 100-Year Flood Map of Montpelier, Vermont A 100-Year Flood Map of Montpelier, Vermont
Changing Patterns of Climate increased drought Changing Patterns of Climate increased drought
Math Joke: Be Rational, Get Real Math Joke: Be Rational, Get Real
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Structures that affect circulation - kidneys and blood volume and skeletal muscle pumping

For a complete list of videos, visit our video library